Page 40 - PNMRT AnnRpt 2020

WELLINGTON TENTHS TRUST NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 18. RELATED PARTIES The ultimate Parent of the Group is Wellington Tenths Trust. All Related Party loans are shown in note 6. Subsidiaries Set out below is a list of the significant subsidiaries of the Group: Principal Activity Hostel Accommodation Commercial Rental Investment Company Balance Date March March March Percentage Incorporation 2020 2019 Business/ Country of Ownership Taranaki 217 Limited Capital Hill Limited Village at the Park Limited Other Related Parties NZ 100% 100% NZ 100% 100% NZ 100% 100% In addition to the above, and the associates listed in note 4, Wellington Tenths Trust is related to the following entities: Entity Wharewaka o Poneke Charitable Trust Wharewaka o Poneke Enterprises Limited Palmerston North Ma¯ori Reserve Trust Te Aro Pa Limited Ngahuru Charitable Trust Relationship Wellington Tenths Trust has the right to appoint two of five trustees Common Trusteeship/Directorship Common Trusteeships Common Trusteeship/Directorship Common Trusteeships 38 Wellington Tenths Trust ANNUAL REPORT 2020